Asset Manager, Equity

Merchants Capital Corporation; Carmel (IN); On-site; USD 70,000 - 120,000; Full time

Benefits offered by this job

401(k) employer contributions

Employee stock ownership plan (ESOP)

Medical, dental and vision insurance

Leaves of absence including PTO/paid H

Job summary

Merchants Capital, Carmel, IN, is seeking an Asset Manager, Equity to support their Asset Management team with analytical, administrative, and broader LIHTC syndication responsibilities. The role emphasizes financial analysis, reporting, risk assessment, and maintaining strong relationships with partners and lenders.

The candidate should have 1–3 years of relevant experience and a bachelor’s degree, with proficiency in MRI Solutions and MS Office.

Qualifications

• Requires strong analytical skills for reviewing and analyzing financial statements.
• Requires the ability to use Microsoft Office & Outlook.
• Requires strong written and verbal communication with colleagues and clients and the ability to work collaboratively.
• Requires excellent time management and organizational skills and a detailed approach to completing daily tasks.

Responsibilities

• Review and analyze property operations to evaluate performance and risk factors.
• Prepare quarterly investor reports and risk ratings based on review of financial statements, updated projections, and status reports.
• Proactively identify under-performing assets or property concerns and implement workout strategies to maximize value.
• Monitor construction and lease-up progress through the collection of construction draws, inspection reports, rent rolls and qualified occupancy reports.
• Collect and analyze audited financial statements and tax returns and benchmark against initial projections.
• Oversee stabilization and loan conversion.
• Maintain post-closing financial models.
• Evaluate management companies’ experience, marketing plans, and compliance strategies prior to closing.
• Develop and maintain strong relationships with general partners, lender representatives, management agents and local officials.
• Ensure properties are in compliance with the LIHTC program and engage third party compliance when necessary.
• Facilitate the release of capital contributions.
• Conduct annual property site inspections.
• Provide clear and concise communication to colleagues and clients when required.

Skills

Analytical skills

MS Office

Written communication

Time management

Education

Bachelor's degree

Tools

MRI Solutions

Job description

Description

The Asset Manager, Equity is responsible for providing broad analytical, administrative, and database support to their assigned Asset Management team. The position is ideally suited for an individual with strong analytical and financial skills and a desire to learn the LIHTC syndications business. The main responsibilities include asset monitoring, financial analysis, client interactions, risk assessment and reporting. The Asset Manager should exhibit the desire to work on a team with other highly motivated individuals.

A successful Asset Manager will develop and maintain their financial analysis skillset and thorough understanding of reporting requirements for the properties within their team’s Asset Management portfolio.

Requirements

• Review and analyze property operations to evaluate performance and risk factors.
• Prepare quarterly investor reports and risk ratings based on review of financial statements, updated projections, and status reports.
• Proactively identify under-performing assets or property concerns and implement workout strategies to maximize value.
• Monitor construction and lease-up progress through the collection of construction draws, inspection reports, rent rolls and qualified occupancy reports.
• Collect and analyze audited financial statements and tax returns and benchmark against initial projections.
• Oversee stabilization and loan conversion.
• Maintain post-closing financial models.
• Evaluate management companies’ experience, marketing plans, and compliance strategies prior to closing.
• Develop and maintain strong relationships with general partners, lender representatives, management agents and local officials.
• Ensure properties are in compliance with the LIHTC program and engage third party compliance when necessary.
• Facilitate the release of capital contributions.
• Conduct annual property site inspections.
• Provide clear and concise communication to colleagues and clients when required.

Expected Experience, Skills and Education

• Requires strong analytical skills for reviewing and analyzing financial statements.
• Requires the ability to use Microsoft Office & Outlook.
• Requires strong written and verbal communication with colleagues and clients and the ability to work collaboratively.
• Requires excellent time management and organizational skills and a detailed approach to completing daily tasks.
• Minimum of 1-3 years of relevant professional work experience with an emphasis in financial analysis, asset management, and/or real estate development financial management.
• Experience working in MRI Solutions (Investment Central/Integratec) a plus.
• Bachelor’s degree from an accredited institution accepted with 1 to 3 years of relevant professional work experience with an emphasis in financial analysis, asset management, and/or real estate development financial management.

Our Benefits

Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies.

ABOUT MERCHANTS CAPITAL

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.